All Forum Posts by: Brian Jobson

Quick update. So far from reading online at the irs.gov site it seems as though you can only file for innocent spouse relief if you filed jointly or separate in a common property state. 

I'm going to have her call the IRS tomorrow and see what they say though. 

@Mary B. 

@Mary B. 

 Good advice. I gotta keep that in mind for future reference. 

They have never filed jointly even though they are married. They always filed separately. 

I will definitely look into that innocent spouse department. Thanks.

@Mary B. 

Scenario (using fake names): Kathy and Mike are married but separated. Kathy has a house where the mortgage is in her name only, but the title is in both names. Kathy is looking to sell the house. Problem is that Mike has $100k worth of IRS tax liens in his name. Can Kathy do a quit claim from Kathy and Mike to put the property solely in her name only in order to get around Mike's liens that are blocking the sale of the property??

If not, then what are her options?

*When i say a quit claim, I don't mean a quit claim to the potential buyer, but a quit claim from Kathy and Mike to just Kathy. So if the mortgage and title are now only in the name of Kathy will she still have to worry about the tax liens that are in Mike's name???

So far not really seeing the answer to my question. Just a lot of people saying what you should be doing. 

Thanks. I'll check out that other forum posting as well. 

What's up everybody!

So I've noticed that there are wholesalers who are wholesaling properties that are foreclosed. I assume that they have a relationship with the Realtor that's handling the property for the bank and get the info that way.

So if that is the case, can someone explain for me how the wholesaler gets their cut of the transaction? I figure if the bank knows that there is a wholesaler in the middle that they wouldn't allow the transaction.

(P.S- Still a freshman to investing so please excuse my not knowing) 

So I'm a little confused on short sales right now. What I knew about the basics of a short sale are as follows:

• short sales occur when the lender agrees to accept a payoff amount that is less than what is owed.
• lender will not approve a short sale amount until the property has been listed and offers are not up to par with what the banks wants.

So that is the simplified version of what I know about short sales. My question is how do investors make money with short sales??

I ask this because I know that investors usually have mailers sent out to homeowners that fit short sale criteria, like pre-foreclosure properties, in order to source for deals.

I've heard investors say that once the process is agreed upon with the homeowner they will then negotiate with the bank directly, going back and forth until a suitable payoff amount is reached. Then they proceed with either purchasing the property or wholesaling it.

I don't understand how the bank would come to an agreement on a payoff amount without the home being listed.

Am I missing a step (or multiple) in the process somewhere? How does this work for REI.?

Has anyone in South Florida tried out Zbuyer?

@Account Closed Was it an auction at the court house? How did it go?